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Management Reshuffle
At the recent management
reshuffle of
Hyundai Heavy
Industries Group, Mr.
Min Keh-sik, president
& CEO of Hyundai
Heavy Industries, has
assumed new responsibility
as vice chairman
& CEO of Hyundai
Heavy Industries as of
March 19, 2004. Meanwhile, Mr. Yu
Kwan-hong, president & CEO of
Hyundai Mipo Dockyard, has been
appointed new president & CEO of
Hyundai Heavy Industries, replacing
Mr. Choi Kil-seon who has been
assigned as president & CEO of
Hyundai Mipo Dockyard.
Spring Festival Shines Again
Over 1,400 participants including
resident supervisors working at HHI
and Hyundai Mipo Dockyard and their
families gathered again under the slogan,
“Feel the Spring”, for the International Supervisors Spring
Festival at Munsu World Cup Stadium
Auxiliary Field on May 1.
Taking a break from their daily routines,
the supervisors and their families
from over 30 countries enjoyed
the opportunity to share goodwill and
friendship.
With various games and events,
plenty of food and wonderful prizes,
this festival brought the community of
supervisors and their families from
around the world closer despite cultural
and language barriers.
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Stockholders' Meeting Held
About 500 people including shareholders,
investors, management and others
attended the 30th Annual
Stockholders’ General Meeting, which
took place on March 19.
During the meeting, several key figures
addressed the audience.
In his statement, HHI Vice Chairman
& CEO Min Keh-sik promised to maintain a technological edge and develop HHI as
the world’s leading integrated heavy
industry company, based on harmony
and cooperation of the entire HHI workforce.
In addition, Tak Hak-su, head of
HHI’s labor union, pledged to build a
healthy labor-management relationship
and cooperate fully for the sound growth
of the company.
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Order for Forklift Trucks from Greece
HHI was awarded a 1.3-million-euro
order from the Hellenic Olympic
Committee to supply 98 forklift trucks
for 2004 Athens Olympics.
The forklifts will be used at logistics
sites near the Olympic stadiums.
The order was won after a competitive
public bidding against world-class
American and European forklift manufacturers. HHI sees this success as an
opportunity to gain more market share
in Europe.
The eight forklift models ordered,
including HDF25-5 with a side shift
attachment (which allows the folklift
to be moved left or right), received
high marks for performance, durability
and quality.
Of the 98 units, 26 were shipped
from HHI’s Belgian subsidiary in
March, and the remaining units were
manufactured at its Ulsan factory and
shipped in April.
Meanwhile, the number of forklifts
produced in China has reached over
100 units a month since HHI’s Beijing
factory began production in August
2002.
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5,000 Turn Out for Climbathon
The 5th Annual Ulsan-Hyundai
Climbathon organized by Hyundai
Heavy Industries and Ulsan
Metropolitan City was held on April 25.
As one of the largest climbathons
held in Korea, a total of 5,000 people
including 3,500 runners participated in
the 11.6km marathon as their families
and friends cheered them on.
In his opening speech, HHI Vice
Chairman & CEO Min Keh-sik spoke of
the importance of promoting athletics
in Ulsan and HHI’s ongoing commitment
to creating a healthier and happier
life for Ulsan citizens.
Meanwhile, HHI provided all participants
with lunch and held various cultural
events, such as traditional
Korean drumming and percussion performances.
In addition, participants
were invited to the HHI shipyard for a
company tour.
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